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QA Group Tax Strategy

This notice is dated 1st June 2018.

Introduction

This document sets out the tax strategy of IndigoCyan Topco Limited and its subsidiaries ("QA" or "the Group"). We consider publication of this document as complying with our duty under paragraph 16(2) of Schedule 19 of the Finance Act 2016 to publish the Group's tax strategy.

The Group complies with applicable tax laws and regulations in the UK and other territories in which it operates. The UK is our main place of business with minimal operations elsewhere.

Tax Strategy

QA's tax strategy is to ensure that we make tax filings in accordance with the law and pay the right amount of tax at the correct time, while efficiently managing the tax cost to the Group of doing business.

Tax risk management and governance

QA's tax strategy is set by the Board of Directors. It has been reviewed and approved by the Board, which also provides oversight of compliance with the strategy. The Group has a low risk appetite in respect of taxation. The ultimate responsibility for QA's tax affairs rests with the Chief Financial Officer. Day to day management of tax is the responsibility of the QA Group finance team. The team is comprised of appropriately qualified and experienced personnel whose knowledge is up to date through continuing professional development.

Ensuring that material tax filing positions are justifiable and are appropriately documented

Maintaining an open and honest relationship with HMRC

Approach to tax planning and level of tax risk

We will claim tax deductions or credits which are due to us under the law, and where they arise as a consequence of the Group's normal commercial operations.

The Group aims to pay the amount of tax legally due. There are likely to be circumstances where this amount may not be clearly defined, or where alternative interpretations or approaches might result in different tax outcomes. In these circumstances, the Group will use its best judgement to determine the appropriate course of action. This will usually involve seeking advice from external professional advisors.

The Group will not enter into transactions that have a main purpose of gaining a tax advantage or intentionally make interpretations of tax law that are opposed to the original intentions of the legislation.

Relationship with HMRC

We maintain an open and honest relationship with HMRC. We make fair, accurate and timely disclosure in correspondence and returns, and respond to queries and information requests in a timely manner. We will seek to resolve any disputed matters through proactive and transparent discussion and negotiation, but are prepared to litigate where we disagree with a ruling or decision.